Here we have the weekly BTC chart. Looks to me following the 7 day moving average,Ii can see we have been trading above the 7 day for a while. We have had 5 consecutive days green. Looking at the history, BTC has not had a run beyond 5 consecutive days since starting a run on the weekend and ending the following weekend in a pullback this summer, that was 7 days. It was rare, IMO. The other runs similar to this all started on weekday... Tuesday, ending Saturday night, starting on a Monday to sell off on Friday night. My point is we usually have no more than 5 days up and then a small pull back. Here we are. Friday night 5th consecutive day up. This idea here further backs my plan to stay on the sidelines, maybe a small short on Btc for the next 36-48 hours into Sunday afternoon, and get ready to go long once again next week.
Good luck out there.. xxwhitevaderxx
Good luck out there.. xxwhitevaderxx